Shares of Airgain, Inc. (NASDAQ:AIRG – Get Free Report) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.70.
Several research analysts have commented on the company. Weiss Ratings downgraded Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Wall Street Zen lowered shares of Airgain from a “buy” rating to a “hold” rating in a report on Saturday. Roth Mkm reiterated a “buy” rating and set a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Northland Securities set a $8.50 price objective on shares of Airgain in a research note on Thursday, May 7th. Finally, Craig Hallum restated a “buy” rating and issued a $9.00 target price on shares of Airgain in a research report on Thursday, May 7th.
Read Our Latest Research Report on AIRG
Airgain Stock Performance
Airgain (NASDAQ:AIRG – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The business had revenue of $11.51 million during the quarter, compared to the consensus estimate of $11.48 million. Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, research analysts forecast that Airgain will post -0.22 EPS for the current fiscal year.
Insider Activity
In other news, CEO Jacob Suen sold 37,314 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $153,733.68. Following the completion of the transaction, the chief executive officer directly owned 284,431 shares in the company, valued at approximately $1,171,855.72. This represents a 11.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Ali Sadri sold 13,638 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $56,188.56. Following the sale, the chief technology officer directly owned 126,263 shares in the company, valued at approximately $520,203.56. This trade represents a 9.75% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 83,500 shares of company stock worth $377,585. Insiders own 17.80% of the company’s stock.
Institutional Trading of Airgain
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Airgain in the fourth quarter valued at approximately $934,000. Citadel Advisors LLC boosted its position in Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares during the period. Susquehanna International Group LLP bought a new stake in Airgain during the 3rd quarter worth approximately $91,000. Renaissance Technologies LLC grew its holdings in Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after acquiring an additional 14,700 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Airgain in the 4th quarter valued at approximately $44,000. 52.76% of the stock is currently owned by institutional investors.
Airgain Company Profile
Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.
The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.
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